CVMA Concerned With Negative Impacts on Auto Manufacturing from the CPTPP Agreement

TORONTO, Jan. 23, 2018 /CNW/ - The Canadian Vehicle Manufacturers' Association (CVMA) remains concerned that the tentative CPTPP agreement announced today will disadvantage auto companies that have invested in job sustaining manufacturing in Canada while providing competitive advantage to other TPP countries.  The CVMA remains concerned that access for automotive exports from our factories to the CPTPP markets has not been materially improved by the agreement.  

"Canada's trade agenda needs to ensure our large manufacturers get fair reciprocal access to the markets of our trading partners before we further open up Canada's market to companies that do not manufacture in Canada or employ significant numbers in Canada", stated Mark Nantais, CVMA President. "Otherwise this is a harmful one way street for automakers who invest billions in Canada.  We urge the government to address these concerns prior to signing onto the agreement, or exclude auto until such time as the auto sectors concerns can be addressed."

About the Canadian Vehicle Manufacturers' Association (CVMA)

The Canadian Vehicle Manufacturers' Association is the industry association that has represented Canada's leading manufacturers of light and heavy duty motor vehicles for more than 90 years. Its membership includes Fiat Chrysler Automobiles (FCA) Canada, Inc.; Ford Motor Company of Canada, Limited and General Motors of Canada Company. Collectively its members account for approximately 60% of vehicles produced in Canada, operate 5 vehicle assembly plants as well as engine and components plants, and have over 1,300 dealerships. 130,000 jobs are directly tied to vehicle assembly in Canada. Direct and indirect jobs associated with vehicle manufacturing are estimated at over 500,000 across Canada. Please visit www.cvma.ca.

SOURCE Canadian Vehicle Manufacturers' Association (CVMA)